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Citigroup: Financial Winners and Losers

NEW YORK ( TheStreet) -- Citigroup (C - Get Report), Bank of America (BAC - Get Report) and Fannie Mae (FNM), some of the most troubled financial firms of 2009, made up the top three most actively traded stocks on the New York Stock Exchange at midday, despite the light New Year's Eve volume.

Shares of Citigroup were rising 1.1% in the year's final session to $3.36. Bank of America shares were up 0.7% to $15.17.

Continuing their recent trend, Fannie Mae and its sister company, Freddie Mac (FRE), were among the worst performers in the group on Thursday. Shares of Freddie Mac were down 2.5% to $1.38, while Fannie Mae shares were off 2.2% to $1.16.

The two government-sponsored mortgage companies extended their decline for the latter part of this week, pulling back after an initial rally sparked by the Treasury Department's decision to remove a cap on aid. Fannie and Freddie had each jumped nearly 20% through Tuesday's session since last Thursday when the Treasury Department removed a $400 billion cap on the financial aid it will provide to both.

Other stocks moving lower on Thursday included Jackson Hewitt Tax Service (JTX), down 3.4% to $4.31, and Doral Financial (DRL), which gave back 6.6% to $3.53 in recent trades.

Shares of City National (CYN) dipped slightly after the Los Angeles-based bank repurchased $200 million worth of preferred shares from the U.S. government. City National, which made the announcement after the markets closed on Wednesday, still has another $200 million of preferred shares owned by the government and plans to repurchase the remaining stake next year, it said.
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CYN $89.60 0.00%
BAC $14.36 -2.78%
C $45.57 -2.38%
DRL $0.11 0.00%
JPM $62.56 -1.93%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

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